Re: Buying a Used car with cash
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pro,
Usually there is an early payment penalty. But you can almost always pay it off in 3 or 6 months.
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Bah!! Sounds like a hassle. I'll likely just buy it and be done with it.
Thanks for all the help everyone.
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Haven't seen an auto finance contract with a prepayment penalty in over 10 years. Nor one using the rule of 78, all should be simple interest.
Jimbo
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